1251 First Street

Monterey, CA 93940

$2,300,000
Price
Beds
3,130 Sq. Ft.
$735 / Sq. Ft.
3,130
Sq. Ft.
$735
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building offers modern living with well-appointed units making it an attractive option for renters. There are...Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building offers modern living with well-appointed units making it an attractive option for renters. There are 3 single car garage spaces for storage or parking as well. This property will also include 1260 Del Monte Ave; a generous parking lot, convenient for both residents and customers. This multifaceted asset not only promises a steady income stream but also positions you in a vibrant community with endless potential for growth. Close to the Naval Postgraduate School, Fisherman’s Wharf, Del Monte beach, and downtown Monterey!
  1. Listed by Loren Eva Ybarra • DRE #2138632 • Exp Realty of California Inc.

Property Details for 1251 First Street

City
MONTEREY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Assigned Spaces, Attached Garage
Total # Parking Spaces
4
LISTING UPDATED: 10/25/2024 01:21 AM

Property Details for 1251 First Street

StatusActive
MLS #41076948
Days on Compass31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1950
Lot Size0.14 AC / 6,100 SF
CountyMonterey County

Building Information for 1251 First Street

Stories-Residences5Year Built1950Building Size-Lot Size0.14 AC / 6,100 SF

Property Information for 1251 First Street

Features
Feature Details
  • Flooring: Laminate, Tile
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Property Details
  • Additional Equipment: None
  • Exterior: Stucco
  • Lot Description: Regular
  • Lot Sq Ft Apx: 6100
  • Lot Size Square Feet: 6100.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3130
  • Year Built: 1950
Location Details
  • Directions to Property: Del Monte -> Sloat -> 1st St
  • FIPS Code: 06053
  • Parcel Number: 001-824-008-000
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • All Units Have: Refrigerator
  • Units Total: 5
  • Basement: None
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: Res #1249
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 795
  • Unit # 1 Rent: 3,000
Unit 2
  • Unit 2 # Units This Type?: Comm #1250
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 2
  • Unit # 2 Approx SqFt: 476
  • Unit # 2 Rent: 2,150
Unit 3
  • Unit 3 # Units This Type?: Res #1251
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Approx SqFt: 472
  • Unit # 3 Rent: 1,432
Unit 4
  • Unit 4 # Units This Type?: Res #1253
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 # of Bedrooms: 1
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Approx SqFt: 500
  • Unit # 4 Rent: 1,432
Unit 5
  • Unit 5 # Units This Type?: Res #1255
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Approx SqFt: 8000
  • Unit # 5 Rent: 3,000
Building Details
  • Additional Features-Misc: Balcony/Patio
  • Apx Lot Acres: 0
  • On Site Parking Description: Attached Garage, Spaces - Assigned, See Remarks
Other Financial Information
  • Existing Loan: Private
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1251 First Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1251 First Street

Taxable ValueLand$754,290Additions$469,380Total$1,223,670
Tax Record2023$13,276 ($1,106 / month)
Home Facts
Baths4.5Total Finished SqFt3,130 SqFtAbove Grade Finished SqFt3,130 SqFtStories2Lot Size6,100 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950CountyMONTEREYAPN001-824-008-000Fireplace TypeHas Fireplace

Schools near 1251 First Street

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
La Mesa Elementary School
PublicK to 8

Monterey High School
Public9 to 12

International School Of Monterey
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1251 First Street is a multi-family home for sale in Monterey, CA 93940. This property was listed for sale on October 18, 2024 by Exp Realty of California Inc., it's currently listed at $2,300,000. This listing's school district is Monterey Peninsula Unified School District. Nearby schools include La Mesa Elementary School, Monterey High School and International School Of Monterey. 1251 First Street is a 0-bed, 0-bath, 3,130 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exp Realty of California Inc., Loren Eva Ybarra, DRE #2138632

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.